Following the Fed's decision to cut interest rates for the second time this year, Federal Reserve Chair Jerome Powell acknowledged economic damage wrought by the government shutdown — but downplayed its enduring impact. Read more: https://abcnews.visitlink.me/JZsjcG | ABC News

Gov. Gavin Newsom tells ABC News’ Jon Karl that Democrats must recognize what he calls a “revolution” reshaping the country. Newsom says President Trump is “attacking every single institution of independent thinking” and warns his party is “playing by the old set of rules.” Watch the full conversation TONIGHT at 8:30pm ET on ABC News Live and stream on Disney and Hulu. | ABC News

Gov. Gavin Newsom responds to comparisons to "American Psycho" character Patrick Bateman: "I'm glad I still have some humor left.” Watch his full conversation with ABC News' Jon Karl NOW on ABC News Live and stream on Disney Plus and Hulu. | ABC News

This day in history: Jan. 7, 1999